Key Takeaways:
- Large holders accumulated over $5M worth of TRUMP tokens ahead of the April 25 luncheon.
- On-chain data indicates aggressive withdrawals of major exchanges, which is an indication of long-term positioning.
- TRUMP is down over 30 percent of the post-announcement level, despite whale activity.
Crypto whales are pulling out the stops on the TRUMP memecoin, as they await a special luncheon with top token holders at Mar-a-Lago. New on-chain data shows a wave of accumulation, which may influence short-term price dynamics.
Whales Accelerate TRUMP Accumulation
Blockchain analytics firm Lookonchain reported significant wallet activity tied to TRUMP accumulation. One wallet, labeled “8DHkza,” withdrew 850,488 TRUMP tokens worth roughly $2.4 million from Bybit over two days.
Whales...
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